WHAT’S INCLUDED

Tax filing

Man using laptop receives quarterly tax payment reminders from accountant.

Return on investment

Vyde customers often save two to five times the cost of our service through tax savings and service value.

‌Savings and value estimates are based on Vyde’s internal customer satisfaction survey conducted in April 2026, customer-reported experiences, and research on the typical cost of comparable accounting, bookkeeping, and tax services. Actual results may vary based on each customer’s business, tax situation, service plan, and level of engagement. These results are not guaranteed and should not be interpreted as a promise or prediction of future savings.

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Business and personal taxes

Help uncover additional tax-saving opportunities and keep everything aligned.

Deductions and credits

Identify eligible deductions and credits to help reduce your tax burden.

IRS compliance

Ensure your filings stay compliant with current IRS requirements.

Prior year filing

Prepare and file prior-year returns (one-time fee may apply).

HOW WE DO IT

Federal, state, and local tax support

From coordinated business and personal tax filing to deductions, compliance, and prior-year returns, Vyde helps simplify taxes while maximizing eligible savings.

BENEFITS

Accurate tax filing that unlocks savings

Vyde handles your tax preparation from start to finish, helping maximize savings, simplify filing, and give you confidence that everything is done right.

Time

Vyde handles the preparation and filing of your taxes so you can spend less time on paperwork and more time running your business.

Money

Vyde helps identify eligible deductions and credits to reduce your tax burden and help you keep more of what you earn.

Stress

Vyde gives you expert support and accurate filings so you can feel confident your taxes are handled correctly and on time.

RESOURCES

Learn more about tax filing best practices

Explore our tax compliance resources to better understand your numbers and run your business with confidence.

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Tax savings guide —Find out what you can do now to start saving on your business taxes

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Small business tax basics — Learn what you need to file and how to stay compliant as a business owner

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FAQS

Frequently asked questions about taxes

Get clear answers to common questions about our tax services, so you can stay organized, compliant, and confident in your finances.

What tax forms do I need to file?

The tax forms your business needs to file usually depend on how your business is legally set up. Here’s a simple starting point:

Sole proprietorship or single-member LLC: You’ll report your business income and expenses on Schedule C, which is filed with your personal tax return, Form 1040.
Partnership or multi-member LLC: Your business files Form 1065. Each owner then receives a Schedule K-1, which shows their share of the business income or loss to include on their personal tax return.
S corporation: Your business files Form 1120-S. Owners receive a Schedule K-1 showing their share of income, deductions, and other tax items to include on their personal returns.
C corporation: Your business usually files Form 1120. A C corporation is taxed separately from its owners, so the corporation itself pays tax on its profit.

You may also have state tax filings, payroll tax forms, W-2s for employees, or 1099s for contractors. If you’re not sure what applies to your business, Vyde can help you sort through it and make sure the right forms are handled.

Do I need to issue 1099s?

You may need to issue a 1099-NEC if your business paid a contractor or other non-employee for services during the year. In general, you may need to file a 1099-NEC when all of these are true:

You paid someone who is not your employee
You paid them for work or services for your business
The total amount you paid them meets the IRS reporting threshold for the year
The payment was made to a person or business type that requires reporting

If that feels confusing, you’re not alone. Contractor reporting is one of those tasks that seems simple until you’re trying to figure out who qualifies, what amount matters, and which form to use. Vyde can help you review your payments and prepare any required 1099s.

When are business taxes due?

Business tax deadlines depend on your business type and whether your business uses a calendar year or a different fiscal year. For many calendar-year small businesses, the common federal deadlines are:

Sole proprietorships and single-member LLCs
Tax Form: Schedule C (which is attached to your personal tax return, Form 1040)
Deadline: April 15th
Extended Deadline: October 15th
Partnerships and multi-member LLCs
Tax Form: Form 1065
Deadline: March 15th
Extended Deadline: September 15th
S corporations
Tax Form: Form 1120-S
Deadline: March 15th
Extended Deadline: September 15th
C corporations
Tax Form: Form 1120
Deadline: April 15th for calendar-year corporations, though some corporations may have different deadlines depending on their fiscal year.
Extended Deadline: October 15th for calendar-year corporations

If a deadline falls on a weekend or legal holiday, the IRS generally moves the due date to the next business day.

Also, an extension gives you more time to file your return, but not more time to pay any taxes owed. The IRS specifically notes that an extension to file is not an extension to pay.

Vyde helps keep these deadlines visible so you know what’s coming and what steps need to happen next.

Do I need to file if I take a loss on my business?

Yes, you may still need to file a tax return even if your business lost money.

A business loss can matter because it may reduce your taxable income, depending on your business type and tax situation. It can also affect future tax years, so it’s important to report it correctly.

Sole proprietorships and single-member LLCs usually report the loss on Schedule C with the owner’s personal tax return. The loss may be used to offset other income you have, reducing your overall taxable income.

Partnerships, multi-member LLCs, and S corporations usually pass the income or loss through to the owners on a Schedule K-1. The loss may be used to offset other income you have, reducing your overall taxable income.

C corporations report income and losses at the corporate level.

In plain English: filing when you had a loss is not just “extra paperwork.” It can help create an accurate record of your business and may affect what you owe now or later.

How do I file an extension?

If you need more time to file your tax return, you can file an extension yourself or Vyde can handle everything for you.

How do I file an extension on my own?You can file an extension directly with the IRS. The form you use depends on your business type:

Sole proprietorship or single-member LLC
Request an extension for your personal tax return using Form 4868.

Partnership, multi-member LLC, S corporation, or C corporation
Request a business return extension using Form 7004.

An extension gives you more time to file your tax return, but it does not give you more time to pay taxes you may owe. If you expect to owe taxes, you’ll usually need to estimate and pay that amount by the original deadline to help avoid penalties and interest.
How do I file an extension with Vyde?

Vyde makes the extension process simple from your dashboard.

To request an extension, you simply need to provide a few details (this usually takes 2 minutes) and our team takes it from there. We can also provide you with tax projections and any estimated payments due so you know exactly what to pay to the IRS to stay compliant and avoid penalties.

Am I taxed on draws or distributions?

Usually, the money you take out of your business is not taxed simply because you transferred it to yourself. Instead, taxes are usually based on the business’s profit and your business structure.

Here’s a breakdown:

Sole proprietorship or single-member LLC

Owner draws are not taxed as a separate event. You’re taxed on the business profit reported on your personal return, not what you take out of the bank account.

Partnership or multi-member LLC

Distributions are not taxed separately when they are taken. Each owner is taxed on their share of the business profit, which is reported on a Schedule K-1.

S corporation

Distributions are separate from wages. If you work in your S corporation, you need to pay yourself a reasonable salary through payroll. Your salary is subject to both income and self-employment tax. Your distributions, however, are only subject to income tax. This can potentially lead to considerable tax savings.

C corporation

The money distributed to shareholders is called dividends. The corporation pays tax on its profits, and shareholders pay tax again when they receive dividends on their individual tax returns.

The key idea is this: taking money out of the business and being taxed on business profit are related, but they are not always the same thing. Vyde can help you understand how this applies to your entity type and specific situation.

Do I need to issue a W-2?

If your business has employees, you generally need to issue each employee a Form W-2. A W-2 reports the wages paid to the employee and the taxes withheld from their paycheck.

Employers must also file W-2 information with the Social Security Administration, usually along with Form W-3. The IRS says employers must complete, file, and furnish Form W-2 for employees showing wages paid and taxes withheld.

If you use a payroll provider, they may handle some or all of this process for you. Vyde can help you understand what to check and how to stay on top of the filing requirements.